Is it cheaper to live in Concord or Memphis?

Memphis, TN is cheaper. Its monthly baseline of $1,110 (1BR rent + utilities) runs about 21% below Concord, NH's $1,410, mainly because of rent.

How much more do you need to earn to live in Concord than in Memphis?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $38,000 in Memphis.

Which has lower taxes, Concord or Memphis?

Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Memphis under Tennessee's (no state income tax and a 7% state sales tax).

Concord vs Memphis Cost of Living 2026

Concord

New Hampshire

$1,410/mo est.

Memphis

Tennessee

$1,110/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,410 in Concord, NH versus $1,110 in Memphis, TN. Overall, Memphis, TN is roughly 21% cheaper to live in day-to-day than Concord, NH, driven mainly by rent.

Median household income is $83,701 in Concord, NH and $51,211 in Memphis, TN — about 39% higher in Concord, NH. New Hampshire has no state income tax and no state sales tax; Tennessee has no state income tax and a 7% state sales tax.

Concord, NH

Memphis, TN

Rent

Studio

$876

$877

+0% in Memphis, TN

1 Bedroom

$1,134

$948

+16% in Concord, NH

2 Bedroom

$1,475

$1,073

+27% in Concord, NH

3 Bedroom

$1,769

$1,281

+28% in Concord, NH

Buying a Home

Median Home Value

$323,700

$157,100

+51% in Concord, NH

Income

Median Household Income

$83,701

$51,211

+39% in Concord, NH

Metro Median Wage (annual)

—

$46,890

People & Lifestyle

Median Age

40.7 yr

34.3 yr

+6.4 yr in Concord, NH

Homeownership

57.4%

46.0%

+11.4 pp in Concord, NH

Bachelor's+ (25+)

40.1%

28.2%

+11.9 pp in Concord, NH

Avg Commute

23.2 min

21.3 min

+1.9 min in Concord, NH

Crime (per 100k/yr)

Violent Crime

180.7

2,507.6

+1288% in Memphis, TN

Property Crime

1,251.5

6,966.3

+457% in Memphis, TN

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

46.4°F

63.1°F

+16.7°F in Memphis, TN

Annual Precipitation

40.6 in

53.7 in

+13.1 in in Memphis, TN

Gas

Regular Gasoline

$3.94/gal

$3.85/gal

+2% in Concord, NH

Area: East Coast (PADD 1) vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)

—

$1.75

Adult base one-way fare — — vs MATA (2026).

Utilities

Electricity (¢/kWh)

27.0

14.1

+48% in Concord, NH

Natural Gas ($/MCF)

$21.67

$19.75

+9% in Concord, NH

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.31

$4.00

+7% in Concord, NH

Bread (lb)

$1.92

$1.75

+9% in Concord, NH

Eggs (doz)

$2.19

$2.21

+1% in Memphis, TN

Ground Beef (lb)

$6.90

$6.45

+6% in Concord, NH

Chicken (lb)

$2.19

$1.90

+13% in Concord, NH

Bananas (lb)

$0.69

$0.62

+11% in Concord, NH

Average prices — Northeast vs South (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NH / TN)

None

+7.0 pp in TN

Income Tax (top rate)

None

about equal

Concord vs Memphis — FAQ

Is it cheaper to live in Concord or Memphis?: Memphis, TN is cheaper. Its monthly baseline of $1,110 (1BR rent + utilities) runs about 21% below Concord, NH's $1,410, mainly because of rent.
How much more do you need to earn to live in Concord than in Memphis?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $38,000 in Memphis.
Which has lower taxes, Concord or Memphis?: Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Memphis under Tennessee's (no state income tax and a 7% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).